Home Equity Line of Credit (HELOC)

Put the Equity in Your Home to Work for You! Apply for a Home Equity Line of Credit.

Looking to purchase that big ticket item? The funds you need may be right in your own backyard – or closer! Many of our satisfied members have used home equity loans for:

· College tuition

· Purchase a car

· Pay for car repairs

· Funeral expenses

 · Vacation

· Pay off higher rate loans

· Home improvement

Borrow up to 80% of the equity in your home minus first mortgage balance.

For example: If a home is valued at $200,000 and the remaining mortgage balance is $100,000, we would lend up to $60,000. ($200,000 x 80% = $160,000 – $100,000 = $60,000)

· May be tax-deductible*

· Variable rates

· Minimum loan amount $5,000

· Quick turnaround time!